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  2. Legal relationship - Wikipedia

    en.wikipedia.org/wiki/Legal_relationship

    A legal relationship, jural relationship, or legal relation is a connection between two persons or other entities that is governed by law. [1] A legal relationship may exist, for example, between two individuals or between an individual and a government. Legal relationships often imply rights and obligations.

  3. Law of obligations - Wikipedia

    en.wikipedia.org/wiki/Law_of_obligations

    A contract can be broadly defined as an agreement that is enforceable at law. Gaius classified contracts into four categories which are: contracts consensu, verbal contracts, contracts re, and contracts litteris. But this classification cannot cover all the contracts, such as pacts and innominate contracts; thus, it is no longer used.

  4. Contract - Wikipedia

    en.wikipedia.org/wiki/Contract

    A binding agreement between actors in international law is known as a treaty. [3] Contract law, the field of the law of obligations concerned with contracts, is based on the principle that agreements must be honoured. [4] Like other areas of private law, contract law varies between jurisdictions.

  5. How To Create a Personal Loan Agreement in 5 Steps - AOL

    www.aol.com/create-personal-loan-agreement-5...

    A personal loan agreement is a legally binding document that outlines the terms and conditions of a loan between two parties: the lender and the borrower. Whether you're lending money to a friend,...

  6. Private law - Wikipedia

    en.wikipedia.org/wiki/Private_law

    The concept of private law in common law countries is a little broader, in that it also encompasses private relationships between governments and private individuals or other entities. That is, relationships between governments and individuals based on the law of contract or torts are governed by private law, and are not considered to be within ...

  7. Obligation - Wikipedia

    en.wikipedia.org/wiki/Obligation

    They legally bind two people into an agreement. Each person becomes responsible for doing their part of the contract. A legal contract, which does not need to be made in writing, [7] consists of an offer, an acceptance of that offer, an intention to bind to one another in a legal agreement and a consideration, something of value to be exchanged ...

  8. Privity of contract - Wikipedia

    en.wikipedia.org/wiki/Privity_of_contract

    Vertical privity involves a contract between two parties, with an independent contract between one of the parties and another individual or corporation. If a third party gets a benefit under a contract, it does not have the right to go against the parties to the contract beyond its entitlement to a benefit.

  9. Personal contract purchase - Wikipedia

    en.wikipedia.org/wiki/Personal_contract_purchase

    Personal contract purchase (PCP), often referred to as a personal contract plan, is a form of hire purchase vehicle finance for individual purchasers, similar to both personal contract hire and a traditional hire purchase (buying on installments).

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